STRUCTURAL-CHANGE IN THE RELATIONSHIP BETWEEN PRESIDENTIAL POPULARITYAND INFLATION AND UNEMPLOYMENT - THE NIXON AND FORD PRESIDENCIES

Authors
SMYTH DJ DUA P TAYLOR SW
Citation
Dj. Smyth et al., STRUCTURAL-CHANGE IN THE RELATIONSHIP BETWEEN PRESIDENTIAL POPULARITYAND INFLATION AND UNEMPLOYMENT - THE NIXON AND FORD PRESIDENCIES, Applied economics letters, 2(9), 1995, pp. 305-307
Citations number
2
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
2
Issue
9
Year of publication
1995
Pages
305 - 307
Database
ISI
SICI code
1350-4851(1995)2:9<305:SITRBP>2.0.ZU;2-2
Abstract
A quadratic presidential popularity function for the Nixon and Ford pr esidencies is estimated. Using monthly data it is found that there is a structural change in the relationship between presidential popularit y and inflation and unemployment between the two presidencies. This re sult strengthens the authors' earlier finding that one must be wary of using a single social preference function between inflation and unemp loyment that is time invariant.